bae solutions
Open bankruptcyA bankruptcy procedure is open for bae solutions according to publications in the Belgian State Gazette; curator: ILSE ROOX.
Summary
The 2023 annual accounts show equity of €35k and a net result of €5k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-04-2024, 92 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
92 d early
2022
122 d early
2021
92 d late
2020
31 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Turnover
€290k▼ 53.3%
2019 · €621k
2018: €342k
2019: €621k
2018 → 2020
EBIT margin
-17.1%▼ 36.0pp
2019 · 18.9%
2018: 15.8%
2019: 18.9%
2018 → 2020
Net result
€5k▲ 29.9%
2022 · €4k
2018: €46k
2019: €92k
2020: €-52k
2021: €-9k
2022: €4k
2018 → 2023
Working capital
€32k▲ 17.0%
2022 · €28k
2018: €3k
2019: €71k
2020: €33k
2021: €25k
2022: €28k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€621k-€290k▼ 53.3%
Equity€87k-€35k▼ 59.6%€26k▼ 26.9%€30k▲ 16.5%€35k▲ 18.4%
Operating result€117k-€-49k€-9k▲ 81.7%€4k€8k▲ 73.6%
Net result€92k-€-52k€-9k▲ 81.7%€4k€5k▲ 29.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed three years in a row; 2023 is 74% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €122k
Fixed assets
€3k ▲ 35.0%
Current assets
€119k ▼ 0.1%
Equity and liabilities €122k
Equity
€35k ▲ 18.4%
Debt
€87k ▼ 5.2%
Debt's share of the balance-sheet total falls from 75.4% to 71.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2022 · €5k
Cash flow
€7k▲
2022 · €5k
Current ratio
1.37▲
2022 · 1.30
Debt to equity
2.46▼
2022 · 3.07
ROE
15.5%▲
2022 · 14.2%
ROA
4.5%▲
2022 · 3.5%
Interest coverage
4.24▲
2022 · 3.77
Debt ≤ 1 year
€87k▼
2022 · €92k
Income taxes
€3k▲
2022 · €664
Staff costs
€24k▼
2022 · €74k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 45 lines
Balance sheet
Code20222023
Assets
Total assets20/58€121k€122k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23-€891
Furniture and vehicles24€2k€2k▼
Current assets29/58€119k€119k▼
Amounts receivable within one year40/41€108k€117k▲
Trade receivables40€68k€79k▲
Other amounts receivable41€40k€37k▼
Cash at bank and in hand54/58€8k€1k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€121k€122k▲
Equity10/15€30k€35k▲
Contributions10/11€19k€19k=
Reserves13€68k€68k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€-57k€-51k▲
Amounts payable17/49€92k€87k▼
Amounts payable within one year42/48€92k€87k▼
Financial debts43€25k€25k=
Credit institutions430/8€25k€25k=
Trade debts44€60k€55k▼
Suppliers440/4€60k€55k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€2k€6k▲
Remuneration and social security454/9€4k€203▼
Income statement
Code20222023
Non-recurring operating income76A€1k€42k▲
Remuneration, social security and pensions62€74k€24k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€764€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€20k-
Other operating charges640/8€1k€473▼
Gross operating margin9900€101k€34k▼
Operating profit (loss)9901€4k€8k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€5k€8k▲
Income taxes67/77€664€3k▲
Profit (loss) for the period9904€4k€5k▲
Profit (loss) for the period to be appropriated9905€4k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-51k▲
Profit (loss) brought forward from the previous period14P€-61k€-57k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
16-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · BAE SOLUTIONS BV TENNIS- STRAAT 28 BUS 1, 3582 BERINGEN - KOERSEL · event 10-07-2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-52k ▼156%
Net result drops to €-52k, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €92k ▲98.2%
Operating result €117k, net result €92k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tennisstraat 283582 BeringenGround area
1,238 m²
Building footprint
242 m²
Volume, LiDAR
1,313 m³
Parcel 71522C0003/00L067, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Tennisstraat 28, 3582 Beringen
since 20182.276.345.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0003/00L067 | Flanders | 1,238 m² | 1 · 242 m² | 9.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE ROOX HASSALUTHDREEF 12B, bus 2,
3500 HASSELT |
10-07-2024 → present |
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.